Two-Suite Office
For Sale
$1,175,000
3311 Burlington Road #Suite A & B, Greensboro, NC 27405
Separate work areas and lower-level space provide distinct configurations within the same property.
Property Size5,258 SF
Lot Size1.17 Acres
Price / SF$223.47
Days on Market183
Property Features for 3311 Burlington Road #Suite A & B
General Information
Standard status
Active
Size
5,258 SF
Lot size
1.17 Acres
Property subtype
Commercial
Zoning
Pi-Public And Institution
Building Details
Building Size
5,258 SF
Year Built
1979
Stories
1
Listed By:
Tammy Eggleston
(336) 214-4230
Source:
Egglestonrealestate
Added: Apr 25
Changed: Oct 23
Last Checked: Oct 23 at 12:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tammy Eggleston
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1979, this office property contains 5,258 square feet of above-grade space arranged in two distinct suites. Both include reception, private offices, open work areas, conference space, and support areas. Suite A has a finished basement; Suite B includes an unfinished basement. The property occupies approximately 1.17 acres and is zoned Pi-Public And Institution.
Located on Burlington Road in Greensboro, the site offers parking and access from the road.
Located on Burlington Road in Greensboro, the site offers parking and access from the road.
Key Highlights
- 5,258 SF of above‑grade office space across two suites
- Suite A includes finished basement space; Suite B has an unfinished basement
- Reception, private offices, open work areas, conference space, and support areas in both suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,915
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,438,300
$1.4M
Cap Rate 7%
$1,027,357
$1.0M
Cap Rate 9%
$799,056
$799.1K
Market Conditions
NOI Build-Up for 5,258 SF
Gross rent
$105.4K $20.04/SF
− Vacancy
−$9.5K −$1.80/SF
EGI
$95.9K $18.24/SF
− OpEx
−$24.0K −$4.56/SF
NOI
$71.9K $13.68/SF
Area
Greensboro, NC
Vacancy
9.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,438,300
Cap Rate 7%
$1,027,357
Cap Rate 9%
$799,056
Alternative Uses
Best Use
Office B
$1.03M
$898.9K – $1.20M
NOI $71,915 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,672 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 27405, NC
51,506
Population
21,762
Households
2.4
Avg Household Size
34
Median Age
23%
College-Educated
84%
High-School Grad
31.4 sq mi
ZIP Area
1,640
Density / Sq Mi
$46,498
Median Household Income
$31,677
Median Earnings
$1,002
Median Rent
$150,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Separate work areas and lower-level space provide distinct configurations within the same property.
Where is this office building located?
The property is located at 3311 Burlington Road #Suite A & B Greensboro, NC.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 5,258 SF of above‑grade office space across two suites; Suite A includes finished basement space; Suite B has an unfinished basement; Reception, private offices, open work areas, conference space, and support areas in both suites
